The Davenport II Plan · Manvel, TX 77578

$311,990

4 bd · 2.0 ba · 1,878 sqft · SingleFamily · 13 Days on market

Good condition

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +7.5/15.0
• Cash flow +5.2/30.0
• Schools +4.2/10.0
• Condition / age +4.0/5.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• 1% rule +0.9/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

The Davenport II offers expansive single level living space with so much flexibility. When entering the front of the home you'll have the choice of a living room, study or dining room. The spacious kitchen opens up to the family room with a large kitchen island, perfect to gather round. If you don't need 4 bedrooms, you may choose to build the home with 3 and use the flex area for a hobby space. If you need more bedrooms or just wish to have a loft, you may choose to add the optional bonus which can be configured as a large entertaining area or as a loft with additional 5th bedroom and full bathroom.

Key facts

• Large kitchen island
• Flex area
• Spacious kitchen

Tags

• SINGLE LEVEL LIVING
• SPACIOUS KITCHEN
• LARGE KITCHEN ISLAND
• FLEX AREA
• OPTIONAL BONUS

🏗️ New construction. The $311,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $369,213.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $312k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-901 ($-11k/yr) — negative.
• To cash-flow at today's rent, offer at most $239k (23.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $217k (30.3% below list).
• Recommended offer: $217k (30.3% below list) — sets the bar for 1% rule.
• Cap rate 3.6% vs local median 2.5% in Manvel — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#544 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Alvin ISD (suburban): math 39% / reading 48% proficiency, ranked #255 of 826 in TX (top 31%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Alvin H S (math 35% / reading 48%, grade F, #767 of 1,632 statewide, top 47%, 2,821 students, 65% FRL) — zoned schools average 65% FRL vs 48% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.8%/yr); 1643 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 72d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 79% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 3,960 units permitted in Brazoria County in 2024 (593 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Brazoria County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $217,348 (30.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.59% ✗
• Cap rate: 3.58%
• Cash-on-cash: -9.69%
• DSCR: 0.57
• GRM: 14.2

CMA / ARV

• ARV (median comp): $369,213
• List price: $311,990
• Delta: -15.50%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6219 Royal Palm Dr	0.01mi	4/3.0	1,746 (-7%)	3mo	$399,888	$229	81
6011 Canary Palm Dr	0.17mi	3/2.0 (-1)	2,012 (+7%)	1mo	$425,000	$211	74
19 Rodeo Bend Dr	0.46mi	4/2.0	1,972 (+5%)	3mo	$289,000	$147	67
11 Coconut Palms Ct	0.62mi	4/2.0	1,857 (-1%)	4mo	$324,990	$175	66
60 Rodeo Crest Dr	0.57mi	4/2.0	1,804 (-4%)	2mo	$285,000	$158	65
12 Montecito Ln	0.62mi	3/2.0 (-1)	1,879 (+0%)	4mo	$312,999	$167	63
37 Rodeo Dr	0.32mi	3/2.0 (-1)	1,688 (-10%)	3mo	$254,900	$151	61
3519 Windmill Palm Dr	0.37mi	4/3.0	1,687 (-10%)	3mo	$399,888	$237	60
27 Montecito Ln	0.64mi	3/2.0 (-1)	1,863 (-1%)	6mo	$319,000	$171	59
77 Carmel Dr	0.32mi	3/2.0 (-1)	2,100 (+12%)	6mo	$349,900	$167	56
16 Morro Bay Dr	0.55mi	3/2.0 (-1)	1,688 (-10%)	2mo	$265,000	$157	51
9 Alyssa Palms Dr	0.56mi	3/2.0 (-1)	1,632 (-13%)	3mo	$310,000	$190	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.77% rent growth · sell at horizon

5-year hold

• IRR: -35.4%
• Equity multiple: -0.14×
• Total profit: $-117,639
• Equity at exit: $55,051

10-year hold

• IRR: -48.9%
• Equity multiple: -0.72×
• Total profit: $-178,078
• Equity at exit: $31,923

Cash invested: $103,380 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 33 active · 20 under contract
• Months of supply: 9.9 mo (10%/mo absorbed)
• Median asking: $330,000 ($174/sqft)
• Median days on market: 49 d
• This list price: 36% of active listings are priced below it
• ARV vs active asking: +13.0% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 77578

• Rents YoY: 2.8%
• Active inventory: 1643
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $2,173 high
• Mortgage (P&I): −$1,936
• Tax est. 1.5%: −$462 /mo · $5,538/yr
• Insurance: −$154
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$456
• Net cashflow: $-901

Break-even live

Break-even rent $3,314

Max offer price $238,843

Occupancy floor —

Sensitivity live

Price	-10% $-646	-5% $-773	+0% $-901	+5% $-1,029	+10% $-1,156
Rent	-10% $-1,073	-5% $-987	+0% $-901	+5% $-815	+10% $-729
Rate	-1.0pp $-715	-0.5pp $-807	base $-901	+0.5pp $-997	+1.0pp $-1,094

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $92,303
• Closing costs: $11,076
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
121 Rodeo Dr Manvel, TX	3.0	3.0	2015	$2,300	$1.14	139d	1	0.51mi
19 Santa Barbara Dr Manvel, TX	4.0	2.5	1842	$2,150	$1.17	29d	1	0.55mi
18 Old Presidio Dr Manvel, TX	4.0	3.0	2446	$2,300	$0.94	139d	1	0.64mi
61 Atascadero Dr Manvel, TX	4.0	2.5	2417	$1,500	$0.62	103d	1	0.66mi
65 Atascadero Dr Manvel, TX	3.0	2.0	2414	$1,600	$0.66	67d	1	0.68mi
36 San Simeon Dr Manvel, TX	3.0	2.0	2243	$1,590	$0.71	45d	1	0.77mi
36 San Simeon Dr Manvel, TX	3.0	2.0	2243	$1,300	$0.58	20d	1	0.77mi
37 San Simeon Dr Manvel, TX	3.0	2.0	2243	$1,100	$0.49	26d	1	0.78mi
21 Wheeler Ridge Cir Manvel, TX	3.0	2.0	1275	$1,875	$1.47	101d	1	0.86mi
57 Spring Ln Manvel, TX	4.0	2.0	1875	$2,450	$1.31	139d	1	0.87mi
2 Garden Springs Ct Manvel, TX	4.0	2.5	2251	$2,475	$1.10	41d	1	1.00mi
2 Garden Springs Ct Manvel, TX	4.0	2.5	2251	$2,400	$1.07	31d	1	1.00mi
12607 Rio Grande Ln Rosharon, TX	4.0	3.0	1968	$2,279	$1.16	71d	1	1.19mi
5507 Rio Ramos St Rosharon, TX	4.0	2.5	1968	$2,150	$1.09	139d	1	1.37mi

Property features AI

Finance

• Financial info: List price $309,990

Exterior

• Parking: 2 parking spaces
• Utilities: Natural gasCentral air
• Home design: Single-family plan (The Davenport II)Located in Manvel, TX

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas forced air heatingCentral air conditioning
• Interior features: New construction plan: The Davenport IILiving area approximately 1,878

Listing history 50 events

1. 2026-08-27
   days on market $311,990 Active 13 DOM
2. 2026-08-26
   days on market $311,990 Active 12 DOM
3. 2026-08-25
   days on market $311,990 Active 11 DOM
4. 2026-08-24
   days on market $311,990 Active 10 DOM
5. 2026-08-23
   days on market $311,990 Active 9 DOM
6. 2026-08-22
   days on market $311,990 Active 8 DOM
7. 2026-08-21
   days on market $311,990 Active 7 DOM
8. 2026-08-20
   days on market $311,990 Active 6 DOM
9. 2026-08-19
   days on market $311,990 Active 5 DOM
10. 2026-08-18
    pricedays on market $311,990 Active 4 DOM
11. 2026-08-17
    days on market $309,990 Active 3 DOM
12. 2026-08-16
    days on market $309,990 Active 2 DOM
13. 2026-08-15
    days on marketlisting id $309,990 Active 1 DOM
14. 2026-08-06
    days on market $309,990 Active 153 DOM
15. 2026-08-05
    days on market $309,990 Active 152 DOM
16. 2026-08-04
    pricedays on market $309,990 Active 151 DOM
17. 2026-08-03
    pricedays on market $311,990 Active 150 DOM
18. 2026-07-31
    days on market $305,990 Active 147 DOM
19. 2026-07-30
    days on market $305,990 Active 145 DOM
20. 2026-07-28
    days on market $305,990 Active 144 DOM
21. 2026-07-26
    days on market $305,990 Active 142 DOM
22. 2026-07-24
    days on market $305,990 Active 140 DOM
23. 2026-07-23
    days on market $305,990 Active 139 DOM
24. 2026-07-22
    days on market $305,990 Active 138 DOM
25. 2026-07-21
    days on market $305,990 Active 137 DOM
26. 2026-07-20
    days on market $305,990 Active 136 DOM
27. 2026-07-18
    days on market $305,990 Active 134 DOM
28. 2026-07-18
    days on market $305,990 Active 133 DOM
29. 2026-07-16
    days on market $305,990 Active 132 DOM
30. 2026-07-15
    days on market $305,990 Active 131 DOM
31. 2026-07-14
    days on market $305,990 Active 130 DOM
32. 2026-07-13
    days on market $305,990 Active 129 DOM
33. 2026-07-13
    days on market $305,990 Active 128 DOM
34. 2026-07-11
    days on market $305,990 Active 127 DOM
35. 2026-07-10
    days on market $305,990 Active 126 DOM
36. 2026-07-09
    days on market $305,990 Active 125 DOM
37. 2026-07-07
    days on market $305,990 Active 123 DOM
38. 2026-07-06
    days on market $305,990 Active 122 DOM
39. 2026-07-06
    days on market $305,990 Active 121 DOM
40. 2026-07-05
    days on market $305,990 Active 120 DOM
41. 2026-07-03
    days on market $305,990 Active 119 DOM
42. 2026-07-02
    days on market $305,990 Active 118 DOM
43. 2026-07-01
    days on market $305,990 Active 117 DOM
44. 2026-06-30
    days on market $305,990 Active 116 DOM
45. 2026-06-29
    days on market $305,990 Active 115 DOM
46. 2026-06-28
    days on market $305,990 Active 114 DOM
47. 2026-06-27
    days on market $305,990 Active 113 DOM
48. 2026-06-26
    days on market $305,990 Active 112 DOM
49. 2026-06-24
    days on market $305,990 Active 110 DOM
50. 2026-06-22
    days on market $305,990 Active 108 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 6 d/yr ≥110°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,082
• − Mortgage interest: −$20,682
• − Property taxes: −$5,538
• − Insurance: −$2,644
• − Repairs & maintenance: −$2,087
• − Management: −$2,087
• − Depreciation: −$10,741
• Taxable loss: −$17,695
• Est. tax savings @ 24.0%: +$4,247
• After-tax cash flow: $-6,565/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 1 photo

Good 80/100 Cosmetic rehab Est. rehab $9,390–$28,170 screening

The Davenport II is in excellent condition with minimal repairs needed. It offers a good return on investment with updates that can significantly increase its resale and rental value.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in bathrooms and kitchen — Improves functionality and aesthetics ↑
• Both New kitchen appliances — Enhances functionality and aesthetics ↑
• Both New bathroom fixtures — Enhances functionality and aesthetics ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 42/100

Zoned Schools

High Alvin H S F TX #767/1,632 Nat'l #7,907/17,239

Schools (NCES district)

• District: Alvin ISD
• NCES district ID: 4808090
• Math proficiency: 39% ▼ -11.00%
• Reading proficiency: 48% ▬ 0.00%
• Median HH income: $66,740
• Composite: 38.96/100
• National rank: #4080
• State rank: #255 of 826 in TX

C Composite livability gradescore 67/100

Livability — Manvel

• Score: 67/100
• State rank: #544
• US rank: #10576

Category grades

Amenities F Commute F Cost of living A Crime A+ Employment A+ Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Manvel, TX
• County: Brazoria County · 420,414 people
• City population: 30,210
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 30,210
• Household income: $134,016
• Rent vs Own: 16.9% rent · 83.1% own
• Severe rent burden: 20% of renters

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Population outlook (Brazoria County) Hauer SSP2

• Today (2025): 420,414 people
• By 2030: 457,585 · +8.8%
• By 2040: 532,232 · +26.6%
• By 2050: 605,399 · +44.0%
• By 2075: 779,358 · +85.4%
• By 2100: 883,759 · +110.2%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: White 36% Black 30% Hispanic / Latino 22% Two or more races 15% Asian 9%
• Hispanic origin (detail): Mexican 18%
• Common ancestry: Norwegian 2% Subsaharan African 2% Scotch-Irish 1%
• Foreign-born: 15% · Canada, China, Vietnam
• Languages at home: 78% English-only · Spanish 13% Tagalog/Filipino 2% Vietnamese 2%

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Political lean MEDSL · Brazoria

• 2024 margin: R (+19.7) · D 39.5% · R 59.2% · Other 1.3%
• 2008→2024 swing: +9.9pp toward D · 2008: -29.6pp · 2024: -19.7pp
• All cycles: 2024: R+19.7 2020: R+18.2 2016: R+24.6 2012: R+34.2 2008: R+29.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -154.15%
• Current HPI: 218.4264
• Rent YoY: ▲ 2.77%
• Metro: Houston-The Woodlands-Sugar Land, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Property features AI

Finance

• Financial info: List price $309,990

Exterior

• Parking: 2 parking spaces
• Utilities: Natural gasCentral air
• Home design: Single-family plan (The Davenport II)Located in Manvel, TX

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas forced air heatingCentral air conditioning
• Interior features: New construction plan: The Davenport IILiving area approximately 1,878